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Economy of Myanmar vs Solomon Islands compared: GDP & Debt

Updated on by Georank

Myanmar has a GDP of $81.7B compared to $1.75B for the Solomon Islands, ranking 85/197 and 183/197 by economy size, respectively.

Myanmar has $42.4B in government debt (51.9% of GDP), compared to $501M (28.7% of GDP) in the Solomon Islands.

Myanmar vs Solomon Islands GDP by year

Myanmar
Solomon Islands
1x
Year GDP, current $
Myanmar Solomon Islands
2025 $81,665,773,810 $1,749,572,443
2024 $74,068,349,524 $1,583,964,704
2023 $66,757,619,000 $1,506,124,566
2022 $62,253,049,892 $1,466,670,930
2021 $66,345,291,160 $1,558,312,104
2020 $79,006,113,643 $1,536,143,428
2019 $75,065,106,228 $1,619,150,564
2018 $67,860,515,990 $1,615,473,250
2017 $66,053,040,483 $1,469,790,526
2016 $63,298,361,996 $1,379,486,291
2015 $59,607,290,408 $1,307,908,814
2014 $65,531,374,200 $1,335,576,763
2013 $60,269,732,855 $1,285,905,958
2012 $59,937,796,648 $1,185,217,634
2011 $59,977,326,086 $1,063,898,227
2010 $49,540,813,342 $898,128,551
2009 $36,906,181,381 $805,557,289
2008 $31,862,554,102 $776,335,523
2007 $20,182,477,481 $695,291,218
2006 $14,502,553,710 $617,257,458
2005 $11,986,972,419 $552,881,357
2004 $10,567,354,056 $468,000,121
2003 $10,467,109,978 $417,666,639
2002 $6,777,632,512 $346,406,739
2001 $6,477,790,688 $409,508,553
2000 $8,905,066,164 $419,842,674
1999 $8,486,832,801 $488,024,514
1998 $6,459,461,639 $457,579,840
1997 $4,722,288,496 $526,554,006
1996 $6,123,556,717 $510,586,430
1995 $5,289,174,943 $469,443,202
1994 $4,432,257,174 $402,837,005
1993 $3,163,020,035 $300,746,361
1992 $2,411,552,289 $269,034,596
1991 $2,069,832,687 $227,540,473
1990 $2,115,193,513 $214,877,667
1989 $2,013,448,229 $172,882,411
1988 $1,541,088,312 $176,494,394
1987 $1,562,448,077 $155,128,542
1986 $1,582,873,750 $147,620,048
1985 $1,478,908,173 $165,524,943
1984 $1,304,063,253 $181,570,474
1983 $1,381,573,615 $181,220,399
1982 $1,481,165,468 $192,902,019
1981 $1,111,000,765 $193,750,541
1980 $1,038,225,167 $182,852,107
1979 $952,265,043 $151,276,496
1978 $935,408,775 $111,027,427
1977 $873,579,932 $93,145,283
1976 $1,204,699,849 $83,100,834
1975 $1,061,107,354 $74,620,320
1974 $1,225,589,878 $84,539,332
1973 $719,754,655 $55,272,109
1972 $662,213,083 $40,606,712
1971 $587,448,405 $50,056,883
1970 $563,555,631 -
1969 $571,854,215 $28,606,411
1968 $559,956,130 $28,084,253
1967 $420,359,036 $25,203,524
1966 $293,103,479 -
1965 $367,053,117 -
1964 $411,419,906 -
1963 $598,998,419 -
1962 $634,528,872 -
1961 $605,581,577 -
1960 $545,098,448 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/myanmar/solomon-islands | CC BY

GDP per capita in Myanmar vs Solomon Islands by year

Myanmar
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,489 - $2,086 -
2024 $1,359 $5,997 $1,934 $2,675
2023 $1,233 $5,953 $1,883 $2,597
2022 $1,158 $5,732 $1,878 $2,496
2021 $1,243 $5,178 $2,043 $2,450
2020 $1,490 $5,741 $2,063 $2,405
2019 $1,426 $6,101 $2,224 $2,512
2018 $1,298 $5,581 $2,278 $2,494
2017 $1,273 $4,706 $2,144 $2,454
2016 $1,229 $4,460 $2,083 $2,421
2015 $1,167 $4,459 $2,045 $2,354
2014 $1,293 $4,376 $2,165 $2,377
2013 $1,199 $4,144 $2,161 $2,394
2012 $1,203 $3,845 $2,066 $2,320
2011 $1,214 $3,579 $1,924 $2,306
2010 $1,011 $3,348 $1,685 $2,182
2009 $758 $3,040 $1,555 $2,021
2008 $658 $2,748 $1,526 $1,989
2007 $419 $2,459 $1,390 $1,869
2006 $303 $2,153 $1,256 $1,786
2005 $252.7 $1,860 $1,144 $1,693
2004 $224.5 $1,601 $986 $1,556
2003 $224.3 $1,385 $896 $1,433
2002 $146.6 $1,204 $757 $1,344
2001 $141.5 $1,069 $912 $1,387
2000 $196.6 $949 $953 $1,503
1999 $189.5 $825 $1,134 $1,754
1998 $146 $742 $1,092 $1,785
1997 $108 $702 $1,292 $1,793
1996 $141.9 $661 $1,289 $1,830
1995 $124.1 $618 $1,220 $1,820
1994 $105.4 $573 $1,078 $1,668
1993 $76.2 $529 $829 $1,556
1992 $58.9 $494 $764 $1,505
1991 $51.2 $447 $666 $1,346
1990 $53.1 $441 $648 $1,266
1989 $51.3 - $538 -
1988 $39.9 - $567 -
1987 $41.1 - $515 -
1986 $42.4 - $506 -
1985 $40.4 - $586 -
1984 $36.3 - $665 -
1983 $39.3 - $686 -
1982 $43 - $756 -
1981 $32.8 - $786 -
1980 $31.2 - $768 -
1979 $29.2 - $658 -
1978 $29.3 - $500 -
1977 $27.9 - $434 -
1976 $39.2 - $401 -
1975 $35.2 - $372 -
1974 $41.4 - $433 -
1973 $24.8 - $291.3 -
1972 $23.3 - $219.5 -
1971 $21.1 - $277.1 -
1970 $20.7 - - -
1969 $21.5 - $165.9 -
1968 $21.5 - $166.9 -
1967 $16.5 - $153.5 -
1966 $11.8 - - -
1965 $15.1 - - -
1964 $17.3 - - -
1963 $25.8 - - -
1962 $27.9 - - -
1961 $27.3 - - -
1960 $25.1 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/myanmar/solomon-islands | CC BY

Myanmar's GDP per capita is $1,489, ranking 166/197, compared to $2,086 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Myanmar Solomon Islands
Gross domestic product
$81.7B
2025
$1.75B
2025
GDP rank
85/197
2025
183/197
2025
GDP growth
-2.01%
2024-2025
3.62%
2024-2025
GDP per capita
$1,489
2025
$2,086
2025
GDP per capita rank
166/197
2025
157/197
2025
GDP per capita, PPP
$5,997
2024
$2,675
2024
GDP per capita PPP rank
153/197
2024
183/197
2024
Government debt
$42.4B
2025
$501M
2025
Debt-to-GDP ratio
51.9%
2025
28.7%
2025
Government debt per person
$773
2025
$598
2025
Government debt per person rank
152/185
2025
162/185
2025
Average annual personal income after taxes
$2,165
2026
$1,986
2026
Income share by richest 10%
25.5%
2017
29.2%
2012
Income share by poorest 10%
3.8%
2017
2.8%
2012
Government expenditure, % of GDP
25.2%
2025
40.6%
2025
Consumer prices inflation
8.83%
2018-2019
3.36%
2024-2025
Unemployment rate
1.48%
2020
0.69%
2013
Population
55361818
868694

Spending and national debt comparison by year

Myanmar
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Myanmar Solomon Islands
Government spending Government debt Government spending Government debt
2025 25.2% 51.9% 40.6% 28.7%
2024 25.8% 50.6% 39.6% 26.1%
2023 21.4% 53.2% 44.2% 22.3%
2022 21.3% 56% 43.5% 16.5%
2021 20.9% 63.4% 36.9% 16.1%
2020 21.3% 49.1% 40.4% 9.15%
2019 20.5% 37.6% 35.6% 7.82%
2018 18.7% 39.9% 34.8% 7.95%
2017 19.7% 41.9% 40.4% 8.77%
2016 21.3% 35.7% 39.6% 7.54%
2015 23.7% 36.6% 41.5% 7.88%
2014 24.7% 34.5% 39.8% 10.1%
2013 23.9% 44.8% 41.8% 11.6%
2012 20% 48% 29.4% 13.3%
2011 15.6% 49.9% 26.7% 18.1%
2010 15.8% 54.4% 22.6% 21.6%
2009 14.4% 56.4% 22.7% 17.2%
2008 14.4% 59.8% 24.3% 26.1%
2007 15.7% 77.4% 21.1% 29.5%
2006 15.6% 103.1% 17.4% 36.9%
2005 14.6% 119% 14.7% 38.5%
2004 14.6% 126.6% 12.5% 49.4%
2003 14.3% 146% 12.6% 51.8%
2002 15.3% 190.6% 14.1% 55.5%
2001 19.1% 262% 15.3% 44.6%
2000 21.4% 164.5% 15.8% 37.4%
1999 22.8% 150.7% 15.8% 35.4%
1998 25.2% 208.6% 13.1% 33.3%
1997 - - 16.3% 21.9%
1996 - - 20.4% -
1995 - - 20.8% -
1994 - - 25.5% -
1993 - - 28.1% -
1992 - - 29.6% -
1991 - - 33.2% -
1990 - - 25.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/myanmar/solomon-islands | CC BY

In 2025, Myanmar's government spending was $20.6B, accounting for 25.2% of its GDP, while the Solomon Islands spent $711M, or 40.6% of GDP.

Debt-to-GDP ratio is 51.9% in Myanmar and 28.7% in the Solomon Islands, ranking 101/185 and 158/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Myanmar Solomon Islands
2025 -4.94% -3.24%
2024 -4.11% -2.09%
2023 -2.76% -4.13%
2022 -2.75% -2.7%
2021 -2.22% -1.82%
2020 -6.5% -2.44%
2019 -4.7% -1.52%
2018 -2.77% 1.49%
2017 -3.42% -2.27%
2016 -2.53% -3.56%
2015 -4.33% 0.81%
2014 -1.06% 2.13%
2013 -1.53% 3.57%
2012 -2.7% 4.63%
2011 -4.82% 6.14%
2010 -5.4% 5.67%
2009 -3.55% 2.15%
2008 -2.73% 1.75%
2007 -3.52% 13.7%
2006 -3.42% 11.3%
2005 -3.49% 11.5%
2004 -4.62% 14.5%
2003 -4.24% 8.91%
2002 -4.01% -3.67%
2001 -6.34% -2.02%
2000 -6.03% -2.47%
1999 -4.46% -0.27%
1998 -4.89% 4.25%
1997 - 1.8%
1996 - 3.15%
1995 - 2.69%
1994 - 3.65%
1993 - 2.07%
1992 - 3.48%
1991 - 0.12%
1990 - 0.49%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/myanmar/solomon-islands | CC BY

In 2025, Myanmar's government deficit, the difference between spending and revenue, was $4.04B, equivalent to 4.94% of GDP. This compares to the Solomon Islands' deficit of $56.6M, or 3.24% of GDP.

Over the past 28 years, Myanmar recorded a fiscal deficit in 28 of those years, while the Solomon Islands ran a deficit in 13 years. On average, Myanmar posted an annual deficit equal to 3.85% of GDP, compared to surplus of 2.15% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Myanmar

Solomon Islands
1x
Year Consumer prices inflation
Myanmar Solomon Islands
2025 - 3.36%
2024 - 4.32%
2023 - 5.89%
2022 - 5.52%
2021 - -0.12%
2020 - 2.96%
2019 8.83% 1.63%
2018 6.87% 3.46%
2017 4.57% 0.49%
2016 6.93% 0.51%
2015 9.45% -0.57%
2014 4.95% 5.17%
2013 5.64% 5.39%
2012 1.47% 5.91%
2011 5.02% 7.34%
2010 7.72% 1.05%
2009 1.47% 7.09%
2008 26.8% 17.3%
2007 35% 7.67%
2006 20% 11.2%
2005 9.37% 7.33%
2004 4.53% 6.99%
2003 36.6% 8.27%
2002 57.1% 10.9%
2001 21.1% 6.93%
2000 -0.11% 7.89%
1999 18.4% 8.02%
1998 51.5% 12.4%
1997 29.7% 8.08%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/myanmar/solomon-islands | CC BY

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 6.54% in the Solomon Islands. In 2019, inflation was 8.83% in Myanmar and 3.36% in the Solomon Islands.

Top exports between countries

Myanmar
Export category Export value
Processed food, beverages & tobacco $343K
Raw agricultural goods $16K
Textiles & consumer goods $1K
Solomon Islands
Export category Export value
Processed food, beverages & tobacco $943K

Balance of trade

Myanmar Solomon Islands
Current account balance
$67.7M
2019
-$66.2M
2024
Current account balance ranking
66/190
2019
78/190
2024
Current account balance, % of GDP
+0.09%
2019
-4.18%
2024
Goods imports
$13.7B
2019
$609M
2024
Goods exports
$10.8B
2019
$510M
2024
Service imports
$3.66B
2019
$248M
2024
Service exports
$6.68B
2019
$133M
2024
Imports of goods and services, % of GDP n/a
70.8%
2024
Exports of goods and services, % of GDP
24.3%
2026
40.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Myanmar Solomon Islands
Economic freedom 44.5 53.7
Economic freedom ranking 180/197 137/197
Property rights 5.7 55.8
Government integrity 18.1 42.7
Judicial effectiveness 3.9 59.1
Tax burden 88.6 71.3
Government spending 86.6 54.6
Fiscal health 62.7 83.3
Business freedom 37.9 52.3
Labor freedom 53.2 60.4
Monetary freedom 57.5 76.5
Trade freedom 69.4 43.6
Investment freedom 30 15
Financial freedom 20 30

Economic freedom comparison by year

Myanmar
Solomon Islands
1x
Year Economic freedom index
Myanmar Solomon Islands
2026 44.5 53.7
2025 43.7 56.3
2024 42.2 55
2023 46.5 56.9
2022 49.6 56.5
2021 55.2 56.5
2020 54 52.9
2019 53.6 54.6
2018 53.9 57.5
2017 52.5 55
2016 48.7 47
2015 46.9 47
2014 46.5 46.2
2013 39.2 45
2012 38.7 46.2
2011 37.8 45.9
2010 36.7 42.9
2009 37.7 46
2008 39.5 -
2007 41 -
2006 40 -
2005 40.5 -
2004 43.6 -
2003 44.9 -
2002 45.5 -
2001 46.1 -
2000 47.9 -
1999 46.4 -
1998 45.7 -
1997 45.4 -
1996 45.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/myanmar/solomon-islands | CC BY

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 53.7 for the Solomon Islands, ranking 137/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Solomon Islands
Services, % of GDP
38.5%
2025
46.9%
2024
Industry, % of GDP
36.2%
2025
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
25.3%
2025
29.7%
2024
GNI, Atlas method
$72.3B
2025
$1.7B
2025
GNI per capita, PPP
$5,890
2025
$2,790
2025
Total reserves including gold
$9.34B
2023
$686M
2024
Total reserves ranking
85/177
2023
148/177
2024
Net foreign direct investment
-$1.74B
2019
$19.9M
2024
Net inflows of foreign direct investment
$1.1B
2024
$33M
2024
Net outflows of foreign direct investment
$0
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
1.64%
2024
Poverty at national poverty lines
24.8%
2017
12.7%
2012
Gross capital formation, % of GDP n/a
19.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/myanmar/solomon-islands | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.